Summit Entertainment Wants to Do RED 3

RED 2 won’t hit theaters until July 19, but Summit Entertainment is already working on the next installment. The studio has signed RED and RED 2 screenwriters Jon and Erich Hoeber to pen RED 3, says The Hollywood Reporter.

While no deals with the cast have been made, if the script is approved, production could begin as early as January 2014.

Lorenzo Di Bonaventura and Mark Vahradian will produce the third installment via their DiBonaventura Pictures. Erik Feig, Lionsgate’s president of production, will oversee the project for the studio along with Summit’s president of production Geoff Shaevitz.